RE:Won't be happy with 25 centsStocks1986 wrote: Not being a jerk I know people are in deep with this but I'm in at .05 and this has been to much tear on the body for 25 we need more. The only thing that tells me this is worth more is they have several properties, which could be in production if it wasn't for management. And Allana is not in production and settled today at 50 cents. The bidding war also should drive the sp up if the buyers know what there buying it should go way higher
Again you can't compare apples to oranges.
1. Allana potash had 1.5 Million Tonnes
2. I believe 500 K+ was higher quality phosphate
3. It's not in financial distress
4. It already had an equity reltationshop with a major ICL
As stated here many times - The LOW-END Valuation based on transaction metrics in the marketplace for simlar phosphate as MBAC is;
$90 / ton
Which if applied to MBAC would be approxmately $90 * 1 Million Ton = $90 Million / 181 SO = .50c / share
Given that this is in financial distress if we got .35c we should celebrate in the streets - If we got .25c we should be thankful we didn't go bankrupt lick our wounds and move on.
Those procalaiming above .50c are dreaming.